MIRA
INFORM REPORT
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Report Date : |
12.03.2011 |
IDENTIFICATION DETAILS
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Name : |
VLA INTERNATIONAL |
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Registered Office : |
# 54, 4th |
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Country : |
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Date of Incorporation : |
-- |
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Legal Form : |
Private
Limited Liability Company (In
operation) |
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Line of Business : |
Importing and exporting of food items |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made on
e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
GENERAL
- Basic
information at a glance
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Name of Subject of Inquiry |
: |
VLA INTERNATIONAL |
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Legal Form & Status |
: |
Private Limited Liability Company (In operation) |
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Proprietor |
: |
N. M. Arun |
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Primary Line of Business |
: |
Importing and
exporting of food items |
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Head Office & Place of
Business |
: |
#
54, 4th
Tel.
No: (00 94 11) 243 4143 / 233 5817 Fax No: (00 94 11) 243 6050 E-mail: arun_cot@yahoo.com |
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No. of Employees |
: |
Approximately
5 |
COMPANY DETAILS
-
Registration and Shareholder Details
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Registration No |
: |
Not Disclosed |
||
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Date of
Registration |
: |
Not Disclosed |
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Registered
Office |
: |
No.54,
4th |
||
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Proprietor |
: |
N. M. Arun |
Proprietor |
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Secretaries
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:
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Not Applicable |
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Auditors |
: |
Not Disclosed |
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Bankers |
: |
DFCC Bank |
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Information declined by
Name: Ms. Darshini
Designation: Office Assistant
Date: 11.03.2011
CURRENT INVESTIGATION
Name Card of the proprietor
·
History.
The Subject
Company VLA INTERNATIONAL is Proprietorship Company.
·
Location.
The Subject Company
is located at the client given address No.54,
4th
.
·
Operations
Details.
General
The subject
company primary line of business is Importing
and exporting of food items. The
Subject Company VLA INTERNATIONAL is used for import and export of food
items and another company called RAJA
STORES is used to sell that
importing food items. RAJA STORES
is situated in ground floor of the
same building and RAJA STORES own to N. M. Arun.
Import Products
Potato,
Export Products
Coconut products
and pinewood
Import Countries
Employees
Approximately 5
·
Financial Data
The Subject Company declined to provide
information of its finances.
·
General Comments
When we visited the Subject Company, they
refused to provide its details. However according to our investigation Subject
Company is situated in very high commercial area also it is reputed company in
that area. Size of the Subject Company was approximately 600m2, and
company was well maintained.
·
Trade references
The subject
company did not provide any trade reference referrals
·
Credit
Recommendations
Since no financial information
has been forthcoming from the company, it is not possible to comment on the
merits or otherwise of the company.
No computerised data bases exist to make checks whether the partners or
the company has any legal action or
lawsuit initiated against any of them but informal (but not in-depth) checks do
not indicate any such cases in the public know
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.21 |
|
|
1 |
Rs.72.55 |
|
Euro |
1 |
Rs.62.43 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.